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Symetra Joins FFS as Exciting New Carrier Partner




First Financial Security, Inc. is pleased to welcome Symetra Life Insurance Company as the latest exciting addition to our carrier partners. Symetra is recognized in the foreign national marketplace for providing expertise and a strong program that's designed to assist high-net- worth foreign nationals with either term or permanent life insurance solutions. This established foreign national presence, combined with their dynamic product portfolio and technology-driven approach, makes Symetra an excellent fit as an FFS carrier partner. The company is headquartered in Bellevue, Washington and is a subsidiary of Symetra Financial Corporation. Symetra Financial Corporation is a wholly owned subsidiary of Sumitomo Life InsuranceCompany, a mutual insurance company with over 100 years of history and one of the largest life insurance companies in Japan. “Diversity, equity and inclusion are parts of our core value system,” said Mindi Work of Symetra, Executive Vice President, Individual Life Division and Emerging Solutions. “There are underserved groups and communities that would benefit from what we offer today, yet they are often overlooked. We are committed to bringing value, transparency and sustainability to underrepresented and underserved communities.” Symetra maintains sound financial ratings from A.M. Best,Moody’s and S&P and holds over $58 billion of assets as of December 31st, 2022, offering a competitive portfolio of life insurance, annuities, and retirement products for over 50 years.1 They are well known for their SwiftTerm® platform where they are able to offer affordable term coverage with a quick and easy online application. Many people will be approved on the spot or within three days — in fact, some qualified clients are approved in as little as 18 minutes.2 “We are looking forward to a long partnership,” said Andy Cowan, Director of Sales for First Financial Security. “To reiterate what our CEO Ron Wheeler says all the time, we’re not just looking for carriers — we’re looking for partners. Symetrahas been a great partnerto us thus far.” “I think there’s great alignment between these organizations,” said Mindi Work. “Symetra’s vision is to create a world where more people have access to financial freedom.We want to be a carrier that FFS can count on and be a teammate in reaching a diverse set of people.We have a lot of opportunity to do some great things together.”


 


1. As of Dec. 31, 2022, liabilities were $57.4 billion and stockholder’s equity was $1.2 billion. Dates of last ratings updates or affirmations are as follows:A.M. Best --March31, 2023; Standard& Poor's --June 23, 2022; and Moody's --Oct. 30, 2020 . Ratings are subject to change. Please refer to www.symetra.com/ratings for current information.


2. Depending on your answers during the application process, you may travel down one of three underwriting paths --instant coverage, accelerated underwriting or full underwriting. The typical coverage turnaround time is about 18 minutes for instant coverage, 24-72 hours for accelerated underwriting and 30 days for full underwriting.


Established in 1957, Symetra Life Insurance Company is a subsidiary of Symetra Financial Corporation. Life insurance and annuities are issued and employee benefit plans are insured by Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004, and are not available in all U.S. states or any U.S. territory.


Symetra SwiftTermis a term life insurance policy. Policy form number is ICC20_LC1 in most states.




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